Lightsource bp is a global leader in the development and management of solar energy projects. Leveraging our strategic 50:50 JV partnership with bp, we are helping drive the world’s low-carbon energy transition with competitively priced, dependable, clean energy for businesses and communities. We carefully consider the circumstances and characteristics of each of our assets and structure a comprehensive financing approach.

Local success enabled by the strength of a global platform

Our worldwide team includes over 500 industry specialists, working across 15 countries. We have a global pipeline of 20GW in markets with strong fundamentals to deploy solar and capital at scale. Over the last ten years, Lightsource bp has raised over £3.21 billion ($4.45 billion) in project debt, including the largest ever sterling-denominated renewables bond (£245m).

Since Lightsource bp announced its expansion into North America in late 2017, the US team has raised over $1.07 billion in debt and over $400 million in tax equity. Our team has driven exponential growth with a pipeline of almost 9 gigawatts of solar projects across the United States and an additional 1.02 gigawatts of projects in operation or construction to date.

Maximizing value for our energy partners

We integrate in-house development, asset financing, and operational management to optimize competitiveness and capture maximum value throughout the lifecycle of each clean energy project. Our power buyers realize long term budget certainty and millions of dollars in cost savings through competitive solar energy procurement. In total, the Lightsource bp US team has executed 2.7 gigawatts of power contracts with prominent energy buyers such as Xcel Energy, Amazon, Verizon, L3Harris and Penn State University.

A track record of successful project financing

Our progressive project financing structures and track record provide a platform for success and growth. With over $1.4 billion of capital raised by our expert in-house project finance team in the US with multiple debt and tax equity partners, and leveraging our strategic partnership with bp, we have access to some of the most competitive terms in the market.

Our success in project financing is a demonstration of the low risk, stable yield opportunities that renewable energy projects offer to investors, the quality and bankability of our developed assets, and the confidence that top tier investors have in Lightsource bp.

US project financing case studies:

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$380M financing

Bank of America, ING Capital LLC and Societe Generale

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$285M financing

Bank of America, Sumitomo Mitsui Banking Corporation (SMBC), Societe Generale and Export Development Canada (EDC)

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$250M financing

HSBC Bank USA, N.A. (HSBC) and National Westminster Bank PLC (NatWest)

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$140M financing

Guardian Life Insurance Company of America and National Westminster Bank PLC (NatWest)

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